After a kneejerk move lower on headlines regarding a statement, Cable is surging now that UK PM May has surprised the nation with a snap election on June 8th, since Conservatives could enhance their parliamentary majority given the vast lead they currently hold in polls; meanwhile cable is surging as uncertainty over Brexit negotiations wanes. GBPUSD is at its highest since early Feb on the news - breaking aboive its 200-day moving average for the first time since Brexit. As we detailed earlier, in a stunning development, Theresa May announced she would seek an early general election for Britain on June 8 to obtain a ... (full story)